Flight Centre Travel Group announced a package of initiatives

 Friday, April 10, 2020 

Favorite

A total of AUD$900 million through a mix of capital raising and new debt facilities was secured by the company  as it battles a downturn in business in the midst of the coronavirus pandemic.

The additional funding  implies the group’s total liquidity position now amounts to over AUD$2.3 billion.

Subsidiary FCM Travel Solutions will be able to increase its focus on key investments and  support customers even during prolonged challenging business travel trading conditions.

FCM  has a global presence in over 100 countries and continues to see strong customer activity in both sales and implementation, with record wins year to date.

 

Marcus Eklund, global managing director, FCM Travel Solutions mentioned that their  priority is to support customers and reassure them that they can trust and count on FCM during these unprecedented times and beyond.

FCM’s financial strength is a key element of that trust and with this announcement of additional funding the customers will get  the confidence that  are ready to support them when their business travel activity resumes, and that they  will also be in a position to accelerate FCM’s growth in the future.

« Back to Page

Related Posts

Tags:

PARTNERS

Subscribe to our Newsletters

I want to receive travel news and trade event update from Travel And Tour World. I have read Travel And Tour World's Privacy Notice.

Jul 01
Jul 05
Aug 04